Im still remaining in the camp of the Hanging Man candle causing a short squeeze and then a bit of a correction. However BTC has surprised us before and it will do it again.
There will be a massive media frenzy in the coming weeks surrounding the price action of the greatest asset on Earth (Bitcoin)
While I still think there is significant reason to have a pullback because of the over exuberance of the trend. Trading is always probability and never certainty so BTC could do something absolutely extraordinary and keep going on a massive moonshot. When this happens it just means that when the big dip does eventually come it will be extremely violent compared to if we had one in the next week or two.
We are fully immersed into what I call a Dollar Cost Averaging Blue Sky Breakout. This is where you have no previous price action for an asset because it is at levels that it's never been before. At this point the strategy becomes to DCA on a regular basis, once a day, week, month or by strategy.
I am now setting a config pool on one of my USDT hoppers to run only on KW DCA King with a TP of 50%. I will allow it to buy approximately 0.5% of my USDT balance 2 times per day if the TA lines up. This will allow it to invest up to 1% of my capital per day, every day that DCA King sends a signal.
We must be cunning and nimble in our approach from this point forward. Strong Hands in BTC will always win the day.
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